Property Tax Exemption
What property may be granted an exemption?
Property may be granted an exemption if an application has been timely filed and the property has been shown to qualify for an exemption specifically provided by statute. Generally such statutes require ownership of the property by specified type of entity and use of the property for specific purpose.
Indiana Code 6-1.1-10-16 (insert link to IC) describes the use/or purpose necessary to become tax exempt. Organizations such as charitable, educational, religious may be eligible for tax exemption. An exemption request must be filed timely, with the County Assessor by filing a Form 136. The Form 136 is due on or before April 1st of the year for which you are requesting the exemption.
What do I file?
- Form 136 (you can file multiple parcels on one application as long as they are all within the same taxing district)
- Articles of Incorporation
- Financial Statements for the previous 3 years
- Balance sheets
- Summary of income and expenditures
Note: You must include all parcel numbers for which you are filing for an exemption.
What happens after I file?
The PTABOA considers the application and issues a determination of approval, partial approval or denial. A notice of denial can be appealed to the Indiana Board of Tax Review within the thirty days of denial notice. The appeal must be filed with the County Assessor by using Form 132, as prescribed by the Indiana Board of Review.
How often do I file?
Entities that are granted an exemption under IC 6-1.1-10-16 for property that is owned, occupied and used by a person for educational, literary, scientific, religious, or charitable purposes, do not need to re-file for an exemption unless the use, property characteristics, or ownership changes.